Lawmakers Focus on Accountability, AI in Q1 2024

This mid-quarter NACD policy brief summarizes current legislative, regulatory, and legal developments impacting boards, and advises members of related NACD comment letters and amicus briefs. 

With three branches of government to track, there is no rest for weary directors monitoring corporate compliance programs in 2024. While Congress continues to gridlock, federal agencies are in full rulemaking mode, with pending rules that could affect the work of corporate directors for years to come. In addition, the pending US Supreme Court review of the landmark Chevron case could curb the ability of federal agencies to create rules without a clear legislative mandate.

The 118th Congress returned for its second and final year with one of the lowest legislative totals in history. Thanks to infighting and gridlock of more than 11,000 legislative bills proposed in this Congress so far, only 37 have been signed into public law (per advanced search on Congress.gov), and none of these have broad applications for business or governance. But less can be more...

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Alexandra Reed Lajoux, Ph.D., M.B.A., is a founding principal of Capital Expert Services, LLC (CapEx). She serves NACD as chief knowledge officer emeritus.